National News
Inflation, Insecurity, Fuel Scarcity, Others Bane Of Nigeria’s Economic Growth
Inflation, Insecurity, Fuel Scarcity, Others Bane Of Nigeria’s Economic Growth
By: Michael Mike
The President Association of Professional Bodies of Nigeria (APBN), Akin Oyegbola, has blamed the nation’s economic stunted growth on the nation’s high inflation, insecurity the incessant fuel scarcity.
He stated this during a press conference at the second APBN 2022, second board meeting held on Tuesday in Abuja
Oyegbola said, companies and factories have or are on the verge of shutting down as a result of the high cost of fuel.
He said: “In recent months, we have experienced Continiuos astronomical increase in the cost of diesel (AGO), as well as scarcity of Premium Motor Spirit (PMS), in some major cities. While we have no problem with the excuse offered by the government for cause of the scarcity and price hike, its effect on the economy can only be imagined. This re-emphasises the need for local production of petroleum products. We must revive our refineries. We believe this is the way out of the incessant cases of petrol scarcity.
“The economic loses due to high cost of diesel is massive. Inflation is very high, many companies, factories and airlines have or are at the verge of shutting down due to unsustainable cost of fuel.”
Oyegbola lamented the free fall of the Naira and the security situation and their impacts on the nation’s economy.
“The issue of insecurity has remained major concern to us. You would recall that one of the issues that came up at the board’s last meeting, and which formed a major thrust of board’s last deliberations; because of the seeming I tractability of this issue. The nation’s economy is being stunted, and may not attract the much needed investments as long as there are these palpable feelings of insecurity in the land. The board urges the board urges the federal government to sustain its onslaught against bandits, kidnappers and criminal elements across the country.
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“The free fall of the Naira against the dollar. While we are aware that the government through the Central Bank of Nigeria (CBN), is doing its best to get the Naira stable, we see the situation as a very worrisome one.”
He used the opportunity to call both the federal and state governments to engage APBN members in the development of the nation. “Any economy that that wants to develop must find a way to enlisting the services of its professionals. We believe the Nigerian governments (National and Sub-nationals), are not doing that enough. The board will, therefore, will like to use the to call on those in government to begin to look inwards for assistance. APBN boast of an array of qualified professionals that can rub shoulders with their peers anywhere in the world, and we are very ready for national assignments.”
On diversifying the nation’s economy he said Nigeria must move from mere slogans to practicalisation of slogans
In his explanations; APBN is an association of 30 Nigerian professional bodies. It is apolitical but a pressure of professionals, who expect their individual members to be political in order to make the changes that will bring integrity to the system.
He also said the challenges being faced by the nation today didn’t start with the current administration; they’re not expecting the current administration to sanitiser the system with less than a year left.
Inflation, Insecurity, Fuel Scarcity, Others Bane Of Nigeria’s Economic Growth
National News
President Tinubu Storms Jos Today To Commiserate With Residents Of Angwa Rukuba Massacre
President Tinubu Storms Jos Today To Commiserate With Residents Of Angwa Rukuba Massacre
By: Bodunrin Kayode
President Bola Tinubu will today visit the Plateau state capital Jos to commiserate with residents who lost loved ones during the Palm Sunday shooting spree by criminals that took place at Angwa rukuba area of the city.
The President who was scheduled to visit Ogun state postponed his scheduled trip to Iperu, meant to flag off operations at the Gateway International Cargo Airport.
From the Plateau, the President is expected to travel to Lagos to observe Good Friday public holiday which ushers the beginning of the Easter public holiday which rounds up the lent period.
A state house release signed yesterday by the Presidential spokesman Bayo Onanuga noted that President Tinubu will travel to Ogun State for the commissioning of the Cargo Airport and the inauguration of two commercial aircrafts for the export and import of goods, aimed at boosting the state’s economic growth on Saturday April 4th.
“He will also inaugurate the new edifice of the Federal Operations Unit of the Nigerian Customs Service and its operational vehicles.
“He will return to Lagos to continue the Easter holiday, during which he is also expected to commission infrastructural projects undertaken by the administration of Governor Babajide Sanwo-Olu.
“These projects include: the iconic Ojota/Opebi Link Bridge; the Lagos State Geographic Information System Building; the Multi-Agency Complex named after the President, and a school Complex.
“Before returning to Abuja, President Tinubu will visit Bayelsa State on April 10 to commission some of Governor Duoye Diri’s completed projects.” Said the release.
Sadly several residents lost their lives during the black Palm Sunday shooting spree which is suspected to have been carried out by auto bike riding bandits following after their patterns in the hinterlands of the state.
These bandits who had tormented, killed and destroyed homes of residences of the Jos north axis of the state for several years after September 7th 2001
This damnation let loose on innocent residents is resurfacing after hundreds of killings had occurred in the Jos North council area of the state from September 7th 2001 till date.
And because of the myriad of challenges creeping into the federal security system sub regionals have geared up to manage their on police and Intel services which would assist greatly because they are masters of their territories.
The Federal government is fast tracking the process of state police to ensure that each sub nationals take charge of their environment to ensure that they support the center in the maintenance of internal security.
President Tinubu Storms Jos Today To Commiserate With Residents Of Angwa Rukuba Massacre
National News
NiMet predicts 107 to 138 days of rainfall in Gombe
NiMet predicts 107 to 138 days of rainfall in Gombe
The Nigerian Meteorological Agency (NiMet) has said that in 2026, the length of the rainy season in Gombe State is expected to be between 107 and 138 days.
This is contained in the Agency’s 2026 Seasonal Climate Prediction (SCP) document, which Gayus Musa, the meteorological manager for Gombe State, made available to Our Correspondent in Gombe on Tuesday.
The total amount of rainfall across Gombe State in 2026 is predicted to be between 701 mm in the northern part of the state (Nafada) and 1089 mm in the South (Shongom).
The onset of the rainfall is expected to commence in the state on May 29 (Shongom) and cease by October 22 (Yamaltu/Deba).
Similarly, in the prediction, four local government areas of the state, namely: Nafada, Yamaltu/Deba, Dukku and Funakaye were likely to be impacted by a severe dry spell (21 days and above) between June and August.
Musa while speaking to Our Correspondent on the first rainfall experienced in some communities in Akko, Gombe and Yamaltu/Deba Local Government Areas of the state on Monday urged farmers to resist the temptation of early planting of crops.
He described the first rain as false onset, explaining that the rainfall was false because it would not support any germination as seeds planted with such rain would not survive.
“This (first rain) is a false onset because the precipitation cannot carry any germination and so any seed planted would not survive.
“So farmers should not engage themselves in planting but to prepare their farmlands while getting their seeds and other inputs ready,” he said.
Musa advised farmers in the state, to make use of the prediction in carrying out farming activities towards avoiding losses in view of the impact of climate change on agriculture.
He further urged relevant authorities in the state to take proactive measures towards tackling environmental issues associated with the rainy season.
NiMet predicts 107 to 138 days of rainfall in Gombe
National News
Tuggar Resigns from Tinubu’s Cabinet, Sets for Bauchi Governorship
Tuggar Resigns from Tinubu’s Cabinet, Sets for Bauchi Governorship
By: Michael Mike
The rumoured interest of Minister of Foreign Affairs, Ambassador Yusuf Tuggar in becoming the governor of Bauchi State come 2027 may have been confirmed he resigned on Monday to prepared ground for actualization of his political ambition.
The resignation was ahead of the deadline set for political appointees seeking elective positions in the forthcoming general elections.
In a resignation letter submitted to the office of the Secretary to the Government of the Federation, Tuggar expressed profound gratitude to President Bola Ahmed Tinubu for the opportunity to serve the country and contribute to the implementation of the administration’s Four-D foreign policy strategy.
The former minister also appreciated the management and staff of the Ministry of Foreign Affairs and members of the diplomatic community for their cooperation and support throughout his tenure.
During his time in office, Tuggar was credited with advancing Nigeria’s foreign policy objectives through initiatives focused on people-centred diplomacy. These included humanitarian evacuations, facilitation of scholarships for Nigerians abroad, and sustained support for citizens in the diaspora.
His tenure also witnessed increased diaspora engagement, including efforts to develop a structured database of Nigerians living abroad aimed at strengthening their participation in national development.
In addition, Tuggar strengthened bilateral and multilateral relations through strategic engagements with traditional partners and regional alliances, particularly across the Global South. His leadership also promoted regional security cooperation and supported the formation of the Regional Partnership for Democracy initiative.
He also prioritised economic diplomacy, positioning Nigeria as an attractive destination for foreign investment, especially in the energy sector, while facilitating diplomatic interventions that secured the release of detained Nigerians in foreign countries and improved bilateral relations.
The resignation letter was received on behalf of the Secretary to the Government of the Federation by Dr. Abubakar Kana, Permanent Secretary, General Services Office, ahead of the March thirty-first deadline directed by President Tinubu in line with provisions of the Electoral Act.
Tuggar’s resignation was conveyed in a statement issued by his Special Assistant on Media and Communications Strategy, Alkasim Abdulkadir.
Tuggar Resigns from Tinubu’s Cabinet, Sets for Bauchi Governorship
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